Astronics (NASDAQ:ATRO – Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Astronics to post earnings of $0.05 per share for the quarter. Astronics has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Astronics (NASDAQ:ATRO – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $195.29 million during the quarter, compared to the consensus estimate of $188.35 million. Astronics had a negative return on equity of 6.53% and a negative net margin of 3.83%. On average, analysts expect Astronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Astronics Price Performance
ATRO stock remained flat at $16.66 during mid-day trading on Tuesday. The company’s stock had a trading volume of 7,431 shares, compared to its average volume of 125,346. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 2.72. Astronics has a fifty-two week low of $14.06 and a fifty-two week high of $22.44. The company has a fifty day simple moving average of $17.87 and a 200 day simple moving average of $16.88.
Insider Buying and Selling
Analyst Upgrades and Downgrades
ATRO has been the topic of several recent analyst reports. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Truist Financial boosted their price target on shares of Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, March 1st.
View Our Latest Research Report on Astronics
About Astronics
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.
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